Torq Begins Drilling Untested Porphyry Systems in a World-Class Belt with Michael Henrichsen
Torq Resources (TSXV: TORQ | OTCQX: TRBMF) has commenced its first drill program at the Santa Cecilia gold – copper project located in the world-class Maricunga belt in northern Chile, approximately 100 kilometres east of the city of Copiapo. The Santa Cecilia project is located immediately adjacent to the Norte Abierto project, held by Newmont and Barrick, which is comprised of the Caspiche and Cerro Casale gold – copper porphyry deposits. The initial drill program at Santa Cecilia is expected to consist of a total of approximately 15,000 metres over the next 14 months with a break of four months anticipated between June – September for the Chilean winter. Approximately 7,000 m of the drilling is expected to take place in 2023, with the first two drill holes planned for the northeastern flank of the Cerro del Medio target area, where mineralization from a 2012 drill hole intercepted 925.7 m of 0.21g/t gold, 0.27% copper, and 82 ppm molybdenum in a porphyry system located immediately below the epithermal gold system that was defined from 1988 – 1990 by a major mining company. Importantly, the mineralization intercepted in the 2012 drill hole is known to be in wall rock, and the Company is targeting a higher-grade causative intrusion.
Torq has also defined new targets at its Margarita IOCG discovery in Chile. Chief GEO Michael Henrichsen stated, ““We are very pleased with the results from our gold and multi-element soil geochemistry grid, as it has delineated clear target areas across the project for our next drill program. The gold results from the untested Remolino and Cototuda targets have reaffirmed their potential and the new gold anomalies delineated in the northern portion of the project near our Falla 13 discovery have demonstrated the potential to define a significant IOCG system at the project.”
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